H Power Corp. (Clifton, NJ) has filed a registration to have shares of its initial public offering of common stock listed on the Nasdaq National Market as HPOW.
Inverpower Controls Ltd. (Toronto, Ontario) has been awarded a contract from Ontario Power Generation (OPG) to design and manufacture a 250kW power conversion system for an atmospheric SOFC combined heat and power system. The project is a venture between OPG and Siemens Westinghouse, the SOFC technology provider, and production will be undertaken by Ontario Power […]
Vicor Corp. (Andover, MA) announced a 38-percent increase in revenues for the quarter, ending on March 31, 2000. Revenues increased to $57,786,000 compared with $41,964,000 for 1999. Net income increased 94 percent at $7,116,000, up from $3,665,000 in 1999. Diluted earnings per share increased 88 percent to $0.16, up from $0.09 in 1999.
Arthur D. Little (ADL, Cambridge, MA) has announced the merger of it's industry-leading Epyx fuel processing business with De Nora Fuel Cells (Milan, Italy) to form Nuvera Fuel Cells. Nuvera will maintain operations in Cambridge and Milan and will increase its staff from 80 to more than 200 by the end of the year. Nuvera […]
Mazda Motor Corp. (Tokyo, Japan) has joined DaimlerChrysler AG (Germany) and Nippon Mitsubishi Oil in a government-led project to test fuels for next-generation fuel cell vehicles. Mazda and DaimlerChrysler will each contribute fuel cell vehicles, while Nippon will contribute hydrogen, methanol fuel and test tracks for the three-year project. The purpose of the project is […]
American Superconductor (Westborough, MA) and GE Industrial Systems announced a marketing and sales alliance to provide American Superconductor's superconducting magnetic energy-storage (SMES) systems to utility and industrial customers. The SMES device is applied to improve customers' electrical power performance during system disturbances and high-load conditions. Under the agreement terms, GE has exclusive rights to offer […]
NESS Corp. (Korea) announced the introduction of their new 2.3V ultracapacitor technology for electric and hybrid-electric vehicle applications. The new NESS ultracapacitor is designed for use in regenerative braking, where it recaptures and recycles energy normally lost through brake-friction heat. The company reports that the ultracapacitor earned the Chairman's Choice Award for components at the […]
International Fuel Cells Inc. (South Windsor, CT) has aided South County Hospital in Wakefield, RI, with their PC25 fuel cell system. South County has become the first hospital in New England to generate its own electricity. The fuel cell began its 24-hour operation in December 1999, producing one-third of the hospital's electricity during peak hours, […]
American Power Conversion Corp. (APC, West Kingston, RI) has made its debut in Fortune magazine's ranking of the 1,000 largest companies. The company topped out 1999 with $1.3 billion in revenues placing the company at Number 929. "The fact that a company that manufactures and markets power-protection equipment made it to the Fortune 1,000 sends […]
Energy Conversion Devices Inc. (ECD, Troy, MI) and N.V. Bekaert S.D. (Belgium) have formed a joint venture into the production of photovoltaic cells and modules based on thin-film technology. With an investment from Bekaert, a leading manufacturer of steel products, a manufacturing plant with an annual capacity of 25MW will be designed and built by […]
Rentech Inc. (Denver, CO) has signed a memorandum with FuelCell Energy Inc. (Danbury, CT) to immediately begin a feasibility study for the siting of a 9,000kW commercial scale fuel cell power plant at the Sand Creek Energy LLC (SCE, Commerce City, CO). Rentech plans to convert the existing methanol plant at Sand Creek into a […]
MGE UPS Systems (Costa Mesa, CA) is introducing its Pulsar Esprit Power Cluster, the newest development in high-availability power protection. According to MGE, the Pulsar Esprit Series models are the world's first UPSs to offer an optimized combination of availability and reliability required by the most demanding users such as Internet and application service providers. […]
Trace Holdings LLC (Arlington, WA) and Xantrex Technology Inc. (Burnaby, BC) have completed their merger effected through an exchange of privately held shares. With combined annual sales in 1999 of US$105.0 million, the merged company will be called Xantrex Technologies Inc. This merger follows Xantrex's acquisition of Statpower Technologies Corp. (Vancouver, BC) in October 1999. […]
American Power Conversion Corp. (APC, West Kingston, RI) announced that Conectiv Solutions LLC, which offers a broad array of electricity, gas, telecommunications, heating and cooling solutions, has selected APC as its preferred brand for power-protection products and services. Conectiv Solutions, a wholly owned subsidiary of Conectiv that develops customized energy solutions for large commercial and […]
Pulizzi Engineering Inc. (Santa Ana, CA) is now shipping its patented TPC2562, the first ac power-distribution unit that combines true redundant input, under-voltage protection and ultra-fast switching. This unit was designed for critical systems that require redundant ac sources to protect against a power failure or severe brown-out condition. According to Pulizzi, testing has consistently […]